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BOARD OF GOVERNORS
OF TIIE
FEDERAL RESERVE SYSTEM
R&8 m
544
August 30, 1938

O P E N - m R K E T MONEY RATES IN NEW YORK CITY

(percent per annum)

Week ending Saturday
Aug, 27
1938

Aug, 20
1938

July 30
1938

Aug, 28
1937

5/4
7/16
1 1/4

V4
7/16
1 1/4

3/4
7/l6
1 1/4

1
7/16
1 1/4

Rate on Stock-exchange call loans: l/
New,.,,•.,i,,,,,,,....•,,,,.
R
e
n
e
w
a
l
,

1.00
1.00

1.00

1.00
1.00

1.00
1.00

Average yield on United States -obligations:
Treasury bills
91 days l / (dealers 1 quotation)......,,
New issue 2/.
Treasury notes, 3-5 years l
/
.
,
Treasury bonds l/...,,, *,,.,,,,,,..

.05
.72
2.31

.06

.06

.05
.71
2,31

.70
2.34

1.53
2.65

Average yield on corporate bonds; 3/
Aaa•••••••,,
«T« , . , , , ,
Baa,

3.18
5.49

3.18
5.53

3.20
5.47

3.26
4,93

Prevailing rate on:
Commercial paper (prime, 4 to 6 months)•,
Bankers * acceptances (prime, 90 days),,,.
Time loans (Stock Exchange, 90 days),,,,.

1.00

.07

.06

.34

.62

l/ Averages of daily figures.
"2/ Rates shown for 1938 are on 91-day bills; that for 1937 is on 273-day bills,
13/ Averages of daily figures, week ending Friday. Series revised beginning
January 1937,